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What is the tax on a lumpsum amount of R200 000?

Posted 11 November 2014 under Tax Q&A


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What is the tax on a lumpsum amount of R200 000 if i resigned from my job and got paid from my fund?

This entry was posted in Tax Q&A and tagged , . Bookmark the permalink.

TaxTim TaxTim says:
11 November 2014 at 20:49

Please make use of our Lump sum calculator to work our the tax on R200 000 from retirement.

The amount will be ZERO though as you are entitled to a R500 000 exemption.


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help you
submit your
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TaxTim will help you:

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 Avoid penalties
 Maximise your refund

Tim uses your answers to complete your income tax return instantly and professionally, with everything filled in in the right place.

Let Tim submit your tax return direct to SARS in just a few clicks!

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